Can a loan shark be full of debts?
My friend loaned from a loan shark before and he was charged way more than he expected. He threatened a bunch of times yet, nothing bad happened to him. He is curious why the interest of loan sharks are larger than the usual loaners. Are they also in debt that they are charging other people with large amount to pay that?
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Most loan sharks have a lot of money due to their way of business. Other loan sharks are under by a much bigger company that also lend money. Even though being a loan shark is illegal, they still continue to do this business. They usually do this illegal stuffs to pay their debts. So even though they are doing illegal things, they are doing it to pay other people.